Australia's Carbon Tax Comes into Force

11:37 AM MDT | July 19, 2012 | Deepti Ramesh

Australia has introduced its previously announced carbon tax, and companies with emissions of more than 25,000 m.t./year are liable to pay the tax. More than 500 of Australia’s biggest emitters will pay A$23/m.t. ($24/m.t.) for their carbon dioxide (CO2) emissions. The Australian government has committed to cutting emissions by at least 5% by 2020 compared with 2000 levels. An analysis by Frost & Sullivan (Sydney) says the carbon tax will impact the Australian economy. “Since July 2012, 500 large emitters in Australia are liable to pay...